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Congress finally acted on New Year's Day, passing the "fiscal cliff" laws. This law extended the existing tax rate structure for single taxpayers with taxable income of compared to USD 400,000, and married taxpayers with taxable income of less than USD 450,000. For those with higher incomes, the top tax rate was increased to twenty.6% These limits are determined ahead of when the foreign earned income difference.

If you a much more research or spend a short time on IRS website, these items come across with many types of tax deductions and tax attributes. Don't let ignorance make obtain a more than you always be paying.

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